Mather Group LLC. Lowers Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Mather Group LLC. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,995 shares of the cable giant’s stock after selling 4,689 shares during the period. Mather Group LLC.’s holdings in Comcast were worth $2,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brevan Howard Capital Management LP purchased a new stake in Comcast in the 4th quarter valued at approximately $2,056,000. Capital Investment Advisors LLC grew its holdings in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after acquiring an additional 1,550 shares during the period. First Hawaiian Bank raised its position in Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares in the last quarter. BNP Paribas acquired a new stake in Comcast in the first quarter valued at $4,117,000. Finally, Beacon Financial Group boosted its position in shares of Comcast by 23.3% during the 4th quarter. Beacon Financial Group now owns 73,999 shares of the cable giant’s stock worth $3,245,000 after purchasing an additional 13,993 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.55.

Comcast Price Performance

CMCSA stock opened at $40.95 on Wednesday. The stock has a market capitalization of $160.67 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The stock’s fifty day simple moving average is $39.94 and its 200-day simple moving average is $39.49. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.